BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, D.C. area, today announced it has hired Hetal Desai as Chief Risk Officer (CRO). Ms. Desai will support EagleBank's continued role as a trusted partner for clients and customers and play a pivotal role in managing risk for the Bank as it enhances its lines of business. Ms. Desai joins EagleBank with global expertise in risk management across top tier multinational financial instit ...

Group 1 - EagleBank appointed Pete Mathews as an independent member of its Board of Directors effective July 26, 2024, enhancing the Board's expertise in Commercial Real Estate (CRE) [2][4] - The Board will now consist of 10 directors, with 8 being independent, reflecting a strong governance structure [2] - Mathews brings over 40 years of experience in the CRE industry, having previously served as Senior Executive Vice President at M&T Bank, where he oversaw commercial and CRE credit teams [1][3] Group 2 - EagleBank has a strong foundation in CRE, which has been a core focus since its inception 25 years ago, positioning the bank as a local leader in the industry [4] - The bank operates 12 offices across Suburban Maryland, Washington, D.C., and Northern Virginia, emphasizing relationship-building with businesses and individuals [7] - EagleBank is one of the largest community banks in the Washington, D.C. area, indicating its significant market presence [2]

"As we continue to strengthen our team of personnel in all areas of the Bank, it is my pleasure to welcome Pete Mathews to our Board," said Susan Riel, President and CEO of EagleBank. "In our 25-year franchise CRE has always been a foundation of EagleBank, and Pete's impressive four-decade career in commercial real estate and commercial banking will support EagleBank in maintaining our position as a local leader in the industry. I am delighted to have Pete on our team." About Eagle Bancorp, Inc. and EagleBa ...

Eagle Bancorp, Inc. (NASDAQ:EGBN) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Eric Newell - Chief Financial Officer Susan Riel - President and Chief Executive Officer Jan Williams - Chief Credit Officer Conference Call Participants Catherine Mealor - KBW Christopher Marinac - Janney Montgomery Scott Operator Good day, and thank you for standing by, and welcome to Eagle Bancorp, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a list ...

Company Overview - Eagle Bancorp is expected to report quarterly earnings of $0.40 per share, reflecting a year-over-year decline of 21.6% [3] - The company posted quarterly earnings of $0.67 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, but down from $0.94 per share a year ago [10] - Eagle Bancorp's revenues for the quarter ended June 2024 were $76.69 million, missing the Zacks Consensus Estimate by 5.21% and down from $80.41 million in the previous year [14] Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [8] - The recent earnings report resulted in an earnings surprise of 103.03%, following a previous quarter where the company reported a loss of $0.01 against an expected $0.59 per share, leading to a surprise of -101.69% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $83.8 million, and $1.03 on revenues of $327.7 million for the current fiscal year [6] - The estimate revisions trend for Eagle Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [12] Industry Context - Eagle Bancorp operates within the Zacks Banks - Northeast industry, which is currently ranked in the top 27% of over 250 Zacks industries [9] - The industry has shown that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9] Stock Performance - Eagle Bancorp shares have declined approximately 23.2% since the beginning of the year, contrasting with the S&P 500's gain of 16.5% [7]

EAGLE BANCORP, INC. ANNOUNCES SECOND QUARTER 2024 RESULTS Eagle grows Common Equity Tier 1 Capital and Tier 1 Capital leverage ratio to 13.9% and 10.6%, respectively 1 Ms. Riel added, "I thank all of our employees for their hard work and dedication. Additionally, we remain committed to a culture of respect, diversity and inclusion in both the workplace and the communities we serve." • Nonperforming assets increased $6.7 million as of June 30, 2024 and were 0.88% of total assets compared to 0.79% as of March ...

BETHESDA, Md., June 28, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ:EGBN), the parent company for EagleBank, today announced a cash dividend for the second quarter of 2024, in the amount of $0.45 per share. The cash dividend will be payable on July 31, 2024 to shareholders of record on July 20, 2024. Caution About Forward-Looking Statements EagleBank Contact Eric Newell Chief Financial Officer of Eagle Bancorp, Inc. 240.497.1796 About Eagle Bancorp: The Company is the holding compan ...

Dan Bostwick and Bob Wallace joined EagleBank with over 20 years of experience each in Expatriate Banking Services. In their roles, they focus on building and strengthening relationships with global corporations and relocation service providers. BETHESDA, Md., June 18, 2024 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ:EGBN), one of the largest community banks in the Washington, D.C. area, today announced it has onboarded Dan Bostwick and Bob Wallace to lead the Expatriate Banking Services division. This new divisi ...

Dan Bostwick and Bob Wallace joined EagleBank with over 20 years of experience each in Expatriate Banking Services. In their roles, they focus on building and strengthening relationships with global corporations and relocation service providers. EagleBank's Expatriate Banking Services provides financial services to corporate transferees who are new to the United States and on a long-term assignment with a global company. Services include setting up foreign nationals with domestic bank accounts, access to cr ...

Core Viewpoint - EagleBank has provided a loan to Mamie D. Lee LLC to refinance the New Markets Tax Credit structure used for renovating a former D.C. Public School building, supporting local charter schools in the Washington, D.C. area [1][2]. Company Overview - EagleBank is one of the largest community banks in the Washington, D.C. area, headquartered in Bethesda, Maryland, and has been operational since 1998 [6]. - The bank focuses on building relationships with businesses, professionals, and individuals in its marketplace, conducting full-service commercial banking through 12 offices [6]. Transaction Details - The loan to Mamie D. Lee LLC was facilitated by EagleBank's Commercial and Industrial (C&I) team, highlighting the bank's active role in the charter school sector [2]. - Key personnel involved in the transaction include Jonathan Beall, Harvey L. Warnick, Jr., Karen McCadden, and Isaac Abebayeu [2]. Impact on Education - The refinancing will enable Bridges and Briya Public Charter Schools to access additional funds to support educational programming for families in the District [3]. - Both charter schools have a long history of serving students in Washington, D.C., with Bridges being recognized as an EmpowerK12 "Bold School" and Briya achieving Tier 1 status from the DC Public Charter School Board [4]. Mamie D. Lee School Background - The Mamie D. Lee School, originally constructed in 1967 for special-needs children, is being redeveloped to provide a full spectrum of educational programming from early childhood to adulthood [5].